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16
questions
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1. Open-ended
30 seconds
1 pt
Draw an elastic demand curve
2. Open-ended
30 seconds
1 pt
Draw a supply curve
Show an increase in quantity supplied
3. Open-ended
30 seconds
1 pt
Draw a supply curve
Show an increase in supply
4. Open-ended
30 seconds
1 pt
Draw a demand curve
Show an increase in quantity demanded demanded
5. Open-ended
30 seconds
1 pt
Draw a demand curve
Show an increase in demand
6. Open-ended
30 seconds
1 pt
Draw an inelastic demand curve
7. Open-ended
30 seconds
1 pt
Draw a supply curve
Show a decrease in quantity supplied
8. Open-ended
30 seconds
1 pt
Draw a supply curve
Show a decrease in supply
9. Open-ended
30 seconds
1 pt
Draw a demand curve
Show a decrease in quantity demanded
10. Open-ended
30 seconds
1 pt
Draw a demand curve
Show a decrease in demand
11. Open-ended
30 seconds
1 pt
Draw a supply and demand curve on the same graph. Label the axes
Label the curves
Label the price equilibrium
Show a price floor
Is there a surplus or shortage?
12. Open-ended
30 seconds
1 pt
Draw a supply and demand curve on the same graph. Label the axes
Label the curves
Label the price equilibrium
Show a price ceiling
Is there a surplus or shortage?
13. Open-ended
30 seconds
1 pt
Draw a supply and demand curve on the same graph. Label the axes
Label the curves
Show an increase in supply
What happens to price?
14. Open-ended
30 seconds
1 pt
Draw a supply and demand curve on the same graph. Label the axes
Label the curves
Show a decrease in supply
What happens to price?
15. Open-ended
30 seconds
1 pt
Draw a supply and demand curve on the same graph. Label the axes
Label the curves
Show an increase in demand
What happens to price?
16. Open-ended
30 seconds
1 pt
Draw a supply and demand curve on the same graph. Label the axes
Label the curves
Show a decrease in demand
What happens to price?